Direxion Daily Junior Gold Miners Index Bear 3X Shares (JDST)

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It does look like GDXJ is getting oversold, but I didn't see any truely bullish signs from a chart that I could put my finger on. I see the bounce off the boli, and like you say it needs to break 32 to be bullish, or else it is just a dead cat bounce. LOL


Weekly gold, right now it is hard to find a long term bullish signal when it keeps falling below support levels on long term charts.

Or worse yet, gold could stall inside this ugly bearish pattern.


The dollar is at the make it or break it point as well. It is holding on by a thread, but really hasn't broken any major supports as of yet.